News

Edinburgh-based Lloyds Banking Group has announced plans to shed more than 600 jobs as part of a radical restructure programme at the still partially state-owned bank. The lender said the latest phase of the restructure will see a net reduction of its workforce of 635.

Aberdeen City Council has improved how it is run in recent years and has plans for further changes but a great deal more work is needed to deliver these, according to the Accounts Commission. A new report out today examines progress at the council following changes in management structures and polit

A deal which aims to release about £2.9 billion for infrastructure improvements in Aberdeen and Aberdeenshire remains on track following “positive” negotiations in Westminster.

Gerry Fowler Standard Life Investments, the Edinburgh-based global fund manager, has announced the appointment of Gerry Fowler as investment director and 'idea generator' within its multi-asset investment (MAI) team.

Bob MacDonald Aberdeen-based off-shore giant Wood Group has bought Canadian engineering consultancy Beta Machinery Analysis in a $14.3m (£9.1m) deal.

Dominic Helmsley Edinburgh-based Standard Life Investments (SLI) has announced the purchase of a portfolio of hydro plants in Norway.

Springfield Properties has submitted plans for a £1 billion new community at Bertha Park, Perth.

Image via www.gleneagles.com The famous Gleneagles Hotel and resort has been sold by international drinks giant Diageo, after 31 years of ownership.

Regulators have given final approval for Spain's Banco Sabadell's £1.7 billion takeover of TSB. The backing of the Financial Conduct Authority and Prudential Regulation Authority comes a year after TSB was spun out of bailed-out Lloyds Banking Group under orders from European regulators.

Amendments to the Scotland Bill which would effectively give the Scottish Parliament the power to design its own welfare system have been rejected by the UK government. A vote in the House of Commons yesterday followed a third day of debate on the legislation, which largely focused on welfare powers

Peter Guow Companies with employees or directors holding shares, securities or options over shares need to register before 6th July to avoid a penalty, according to accountants BDO.

John Slade French bank BNP Paribas’ real estate division has expanded its Scottish operation with the opening of a new office in Glasgow following the recruitment of three senior retail experts from competitors JLL.

Whisky maker profits tumble after rum writedown Edrington Group, which is the company behind The Famous Grouse and The Macallan whisky brands has reported a 9.4 per cent fall in pre-tax profits, after a £239 million writedown for its Brugal rum brand.

An inquiry into the UK's future relationship with the European Union is to be conducted by the Scottish Parliament’s European and External Relations Committee.

A landmark £30 million development is to be built within Perth city centre.